Bitcoin’s price today sits at $93,530 after a 0.20% price increase in the last day. That’s no surprise given the extraordinary and increasing interest in the cryptocurrency space these days. In fact, more than $1.2 billion flooded into Bitcoin exchange-traded funds (ETFs) on the very first day alone! This significant example of inflow represents increasing institutional adoption, which could very well lay the groundwork for a major price breakout.
The bullish outlook for Bitcoin is still very much alive and kicking, as long as it can hold support above the all-important $90,350 line in the sand. Investors and analysts have been watching these price swings intently, fully aware that crossing this threshold is key in determining future ability to maintain potential upward movement.
Record ETF Inflows Fuel Optimism
This week’s $1.2 billion addition into Bitcoin ETFs marks a major turning point. This incredible increase indicates that institutional investors are feeling more confident. This has collectively and individually made them much more willing to invest their capital into Bitcoin. The market logged in the biggest single-day inflow of 11,898 Bitcoins since November 2024.
Daily inflows are now more than 500 times average flows in 2025. This puts in perspective the sheer scale of the current infrastructure investment wave. These significant inflows almost always result in increased buying pressure, which tends to push Bitcoin’s price higher.
At today’s prices, ETFs have added over $1.2 billion in inflows. Taken together, this is a clear sign that institutional investors are starting to embrace Bitcoin.
Technical Analysis Points to Potential Rally
Bitcoin long and short-term price movements are giving optimistic bullish signs of recovery from the April lows. Traders understand the cryptocurrency’s price action as a full on 5-wave impulse beginning from the April bottoms. Most traders consider this pattern to be a very bullish indicator.
Bitcoin is currently approaching the beginning of wave 5, which would be a strong support level. If BTC can continue to hold above Fibonacci level $90,350, it may open the door to additional upside potentially leading to $100K. A break below this level would likely indicate a move largely retracing the rally’s third wave. This could cause a pullback or wave of consolidation.
Vigilance Advised Amidst Volatility
Bitcoin’s price is infamous for its volatility, leaving investors needing to stay on their toes at all moments. Perhaps the current fall in Bitcoin’s price is just setting up the next big run to the upside.
Despite the built-in volatility, Bitcoin’s price action has not yet shown signs of an impending top. This indicates that the bullish trend could continue, as long as critical support doesn’t break.
